VBIAX vs. PMAIX
Compare and contrast key facts about Vanguard Balanced Index Fund Admiral Shares (VBIAX) and Pioneer Multi-Asset Income Fund A (PMAIX).
VBIAX is managed by Vanguard. It was launched on Nov 13, 2000. PMAIX is managed by Amundi. It was launched on Dec 22, 2011.
Performance
VBIAX vs. PMAIX - Performance Comparison
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VBIAX vs. PMAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBIAX Vanguard Balanced Index Fund Admiral Shares | -4.19% | 13.61% | 14.58% | 17.54% | -16.90% | 14.21% | 16.40% | 21.78% | -2.86% | 13.89% |
PMAIX Pioneer Multi-Asset Income Fund A | 0.80% | 23.03% | 6.09% | 7.32% | -0.79% | 12.00% | 5.35% | 10.88% | -6.10% | 17.97% |
Returns By Period
In the year-to-date period, VBIAX achieves a -4.19% return, which is significantly lower than PMAIX's 0.80% return. Both investments have delivered pretty close results over the past 10 years, with VBIAX having a 8.77% annualized return and PMAIX not far behind at 8.45%.
VBIAX
- 1D
- -0.06%
- 1M
- -5.43%
- YTD
- -4.19%
- 6M
- -2.40%
- 1Y
- 10.89%
- 3Y*
- 11.56%
- 5Y*
- 6.33%
- 10Y*
- 8.77%
PMAIX
- 1D
- 0.15%
- 1M
- -3.62%
- YTD
- 0.80%
- 6M
- 4.12%
- 1Y
- 16.77%
- 3Y*
- 11.84%
- 5Y*
- 7.92%
- 10Y*
- 8.45%
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VBIAX vs. PMAIX - Expense Ratio Comparison
VBIAX has a 0.07% expense ratio, which is lower than PMAIX's 0.85% expense ratio.
Return for Risk
VBIAX vs. PMAIX — Risk / Return Rank
VBIAX
PMAIX
VBIAX vs. PMAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Balanced Index Fund Admiral Shares (VBIAX) and Pioneer Multi-Asset Income Fund A (PMAIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| VBIAX | PMAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 2.39 | -1.38 |
Sortino ratioReturn per unit of downside risk | 1.51 | 3.02 | -1.52 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.51 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 2.32 | -1.01 |
Martin ratioReturn relative to average drawdown | 6.22 | 10.88 | -4.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VBIAX | PMAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 2.39 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 1.11 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 1.12 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.12 | -0.51 |
Correlation
The correlation between VBIAX and PMAIX is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VBIAX vs. PMAIX - Dividend Comparison
VBIAX's dividend yield for the trailing twelve months is around 5.84%, which matches PMAIX's 5.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIAX Vanguard Balanced Index Fund Admiral Shares | 5.84% | 6.00% | 5.27% | 4.35% | 2.83% | 3.19% | 2.65% | 2.28% | 2.32% | 1.95% | 2.09% | 2.09% |
PMAIX Pioneer Multi-Asset Income Fund A | 5.82% | 6.29% | 5.30% | 5.14% | 4.53% | 5.50% | 5.39% | 5.78% | 5.83% | 6.69% | 5.53% | 5.92% |
Drawdowns
VBIAX vs. PMAIX - Drawdown Comparison
The maximum VBIAX drawdown since its inception was -35.90%, which is greater than PMAIX's maximum drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for VBIAX and PMAIX.
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Drawdown Indicators
| VBIAX | PMAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.90% | -24.12% | -11.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.78% | -7.06% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -13.97% | -7.56% |
Max Drawdown (10Y)Largest decline over 10 years | -22.78% | -24.12% | +1.34% |
Current DrawdownCurrent decline from peak | -5.83% | -3.62% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -4.47% | -2.68% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.51% | +0.13% |
Volatility
VBIAX vs. PMAIX - Volatility Comparison
Vanguard Balanced Index Fund Admiral Shares (VBIAX) has a higher volatility of 3.07% compared to Pioneer Multi-Asset Income Fund A (PMAIX) at 2.19%. This indicates that VBIAX's price experiences larger fluctuations and is considered to be riskier than PMAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBIAX | PMAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 2.19% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 5.93% | 4.15% | +1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 7.19% | +4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 7.20% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.17% | 7.58% | +3.59% |